The use of three column cash book is determined by
...The use of three column cash book is determined by
Trade discount
Cash transaction
Bank transaction
Cash discount
Correct answer is D
The cash discount is allowed for prompt payment of an account or for payment within a specified period of time. It is divided into discount allowed and discount received.
The following appears in the trading account except ...
In a modern day banking system, cash transfer cannot be made where the transferer ...
In computing, external storage is called ...
Which of the following is a debit item in the sales ledger control account? ...
The principal book of account where accounts are classified and summarized is ...
Use the following to answer the given question \(\begin{array}{c|c} & N \\ \hline \text{Sto...